Seth Klarman – Baupost Group LLC
- Period:
- Q1 2026
- Portfolio date:
- Mar 31, 2026
- No. of stocks:
- 22
- Portfolio value:
- $5,115,380,000
- Filed:
- May 14, 2026
- Style:
- Deep Value
| Stock | Issuer | % of Portfolio | Recent Activity | Shares | Price | Value ▼ |
|---|---|---|---|---|---|---|
| AMZNhist | AMAZON COM INC | 12.70 | Add 47.00% | 3,118,754 | $208.27 | $649.54M |
| QSRhist | RESTAURANT BRANDS INTL INC | 11.67 | — | 8,080,112 | $73.91 | $597.21M |
| WCChist | WESCO INTL INC | 7.69 | Add 1.00% | 1,436,881 | $273.62 | $393.16M |
| UNPhist | UNION PAC CORP | 7.31 | Reduce 5.00% | 1,540,995 | $242.62 | $373.88M |
| ELVhist | ELEVANCE HEALTH INC FORMERLY | 7.30 | — | 1,275,154 | $292.75 | $373.30M |
| GOOGhist | ALPHABET INC | 6.62 | Add 9.00% | 1,181,131 | $286.86 | $338.82M |
| FERGhist | FERGUSON ENTERPRISES INC | 6.58 | Add 27.00% | 1,442,411 | $233.26 | $336.46M |
| WTWhist | WILLIS TOWERS WATSON PLC LTD | 5.08 | Reduce 34.00% | 893,126 | $290.70 | $259.63M |
| AONhist | AON PLC | 4.85 | Buy | 769,000 | $322.78 | $248.22M |
| Vhist | VISA INC | 4.14 | Buy | 701,355 | $302.24 | $211.98M |
| TFXhist | TELEFLEX INCORPORATED | 3.73 | Buy | 1,595,000 | $119.61 | $190.78M |
| EXPhist | EAGLE MATLS INC | 3.31 | Reduce 25.00% | 892,763 | $189.45 | $169.13M |
| GPChist | GENUINE PARTS CO | 3.08 | — | 1,490,348 | $105.75 | $157.60M |
| LBTYAhist | LIBERTY GLOBAL LTD | 3.07 | Reduce 42.00% | 13,397,247 | $11.73 | $157.15M |
| HLFhist | HERBALIFE LTD | 2.66 | — | 9,259,844 | $14.72 | $136.31M |
| GDShist | GDS HLDGS LTD | 2.40 | — | 3,044,818 | $40.29 | $122.68M |
| COLDhist | AMERICOLD REALTY TRUST INC | 1.74 | Add 124.00% | 7,780,800 | $11.46 | $89.17M |
| MOHhist | MOLINA HEALTHCARE INC | 1.65 | Add 1.00% | 633,609 | $133.30 | $84.46M |
| AEROhist | GRUPO AEROMEXICO SAB DE CV | 1.34 | Add 1.00% | 4,880,188 | $14.01 | $68.37M |
| NCLHhist | NORWEGIAN CRUISE LINE HLDGS | 1.33 | Buy | 3,630,000 | $18.70 | $67.88M |
| PCVXhist | VAXCYTE INC | 0.91 | Buy | 800,000 | $58.11 | $46.49M |
| DNOWhist | DNOW INC | 0.84 | Buy | 3,625,000 | $11.91 | $43.17M |
| FIShist | FIDELITY NATL INFORMATION SV | 0.00 | Sell | 0 | — | $0 |
| DGhist | DOLLAR GEN CORP NEW | 0.00 | Sell | 0 | — | $0 |
| FISVhist | FISERV INC | 0.00 | Sell | 0 | — | $0 |
| CRHhist | CRH PLC | 0.00 | Sell | 0 | — | $0 |
| TBNhist | TAMBORAN RES CORP | 0.00 | Sell | 0 | — | $0 |